MOIL is currently trading at Rs. 144.60, up by 1.35 points or 0.94% from its previous closing of Rs. 143.25 on the BSE.
The scrip opened at Rs. 145.25 and has touched a high and low of Rs. 145.25 and Rs. 144.00 respectively. So far 1378 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 170.00 on 13-Jan-2020 and a 52 week low of Rs. 86.80 on 24-Mar-2020.
Last one week high and low of the scrip stood at Rs. 149.95 and Rs. 142.85 respectively. The current market cap of the company is Rs. 3432.95 crore.
The promoters holding in the company stood at 64.35%, while Institutions and Non-Institutions held 18.68% and 16.96% respectively.
MOIL is working on multiple new projects worth cumulatively Rs 581 crore at its mines in Madhya Pradesh (MP) and Maharashtra. The company is aiming to complete these projects by August 2021.
At Munsar mine in Maharashtra, the company is setting up a new vertical shaft at a depth of 160 metres at a capital cost of Rs 51.32 crore. The scheduled completion of the work was in April 2020. However, the work is in progress and the completion of the project shall be in November 2020. Another project of Rs 77.15 crore for setting up a sinking vertical shaft at a depth of 324 metres is going on at the company's Ukwa mine in Madhya Pradesh.
MOIL is the largest iron ore company in India and fifth largest in world. It currently operates seven underground mines (Kandri, Munsar, Beldongri, Gumgaon, Chikla, Balaghat and Ukwa mines) and three opencast mines (Dongri Buzurg, Sitapatore/Sukli, and Tirodi).